AUD Trading Outlook (26-08-2011)

The Australian Dollar (AUD) The Aussie tried to break above 1.0500 but was unable to hold onto the gains and fell back with US stocks later in the day. The AUD/USD has been very quiet given the stock market volatility but is threatening to push higher as AUD/JPY continues to support. RBA Governor Stevens is trying to put a cap on the AUD/USD saying that at 1.1000 the Aussie was getting ahead of itself.

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